What Stops 40 Crude, 4,000 Gold? A top prerequisite for crude oil to recover and gold to decline is beta -- and Bitcoin -- to keep going up. The ancient store of value's about 26% gain in 2025 to July 17, about the same as the crypto, may be sniffing out limited further upside in the S&P 500's 7% total return. Or is gold too hot? My bias is the former. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/sypte6t1um0w {BI COMD} #gold #crudeoil #bitcoin #stockmarket @BBGIntelligence